LTIMINDTREE Gains 5%; BSE IT Index Up 4.0%
Wed, 23 Apr 12:16
Image source: hudiemm/www.istockphoto.comLTIMINDTREE share price has zoomed 5% and is presently trading at Rs 4,549.3.
Meanwhile, the BSE IT index is at 34,842.8 (up 4.0%).
Among the top gainers in the BSE IT index today are HCl Tech. (up 7.8%) and Coforge (up 6.1%).
TANLA SOLUTIONS (down 1.5%) is among the top losers today.
Over the last one year, LTIMINDTREE has moved down from Rs 4,679.8 to Rs 4,549.3, registering a loss of Rs 130.5 (down 2.8%).
On the other hand, the BSE IT index has moved up from 34,341.1 to 34,842.8, registering a gain of 1.5% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Firstsource Solutions (up 77.3%), PERSISTENT SYSTEMS (up 48.6%) and Coforge (up 44.7%).
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What About the Benchmark Indices?
The BSE Sensex is at 79,731.5 (up 0.2%).
The top gainers among the BSE Sensex today are HCl Tech. (up 7.8%) and Tech Mahindra (up 4.4%). The most traded stocks in the BSE Sensex are Tata Motors and HDFC Bank.
In the meantime, NSE Nifty is at 24,222.7 (up 0.2%). HCl Tech. and Tech Mahindra are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,648.6 to 79,731.5, registering a gain of 6,082.9 points (up 8.3%).
LTIMINDTREE Financial Update...
LTIMINDTREE net profit fell 7.1% YoY to Rs 10,867 million for the quarter ended December 2024, compared to a profit of Rs 11,693 million a year ago. Net sales rose 7.1% to Rs 96,609 million during the period as against Rs 90,166 million in October-December 2023.
For the year ended March 2024, LTIMINDTREE reported 4.0% increase in net profit to Rs 45,846 million compared to net profit of Rs 44,103 million during FY23. Revenue of the company grew 7.0% to Rs 355,170 million during FY24.
The current Price to earnings ratio of LTIMINDTREE, based on rolling 12 month earnings, stands at 29.5.
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